---
title: "Chamak Holdings Ltd (1273228) — Share Price, Financials & Analysis"
symbol: "1273228"
company: "Chamak Holdings Ltd"
canonical: "https://tapetide.com/stocks/1273228"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-13T11:01:10.344Z"
---

# Chamak Holdings Ltd (1273228)

Canonical page: https://tapetide.com/stocks/1273228

## Company

- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** chamakholdings.com

## About

Chamak Holdings primarily engaged in trading of steel scraps and other material used in Tron and Steel industries.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 1.08 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
- Debtor days have improved from 106 to 60.6 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.76% over past five years.
- Contingent liabilities of Rs.4.02 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -95% | 44% | 32% |
| revenue growth | -22% | -4% | -2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 33.35 | 12.45 | 13.26 | 13.84 | 2.95 | 27.18 | 10.68 | 5.52 | 26.46 | 9.53 | 0.02 | 0 |
| Expenses | 33.78 | 11.96 | 13.06 | 13.58 | 3 | 26.68 | 10.43 | 5.35 | 26.12 | 9.08 | 0.3 | 0.22 |
| Operating Profit | -0.43 | 0.49 | 0.2 | 0.26 | -0.05 | 0.5 | 0.25 | 0.17 | 0.34 | 0.45 | -0.28 | -0.22 |
| OPM % | -1.29 | 3.94 | 1.51 | 1.88 | -1.69 | 1.84 | 2.34 | 3.08 | 1.28 | 4.72 | -1400 | — |
| Other Income | -0.14 | 0.07 | 0.21 | 0.17 | 0.08 | 0.12 | 0.04 | 0.25 | 0.06 | -0.14 | 0.12 | 0.1 |
| Interest | 0.35 | 0.13 | 0.03 | 0.25 | 0.05 | 0.23 | 0.23 | 0.15 | 0 | 0.31 | 0.02 | -0.01 |
| Depreciation | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | -0.94 | 0.42 | 0.37 | 0.17 | -0.03 | 0.38 | 0.05 | 0.26 | 0.39 | -0.01 | -0.19 | -0.12 |
| Tax % | -21.28 | -59.52 | 32.43 | 58.82 | -133.33 | 31.58 | -100 | 19.23 | 23.08 | 100 | 0 | -50 |
| Net Profit | -0.74 | 0.67 | 0.25 | 0.08 | 0 | 0.25 | 0.09 | 0.21 | 0.3 | -0.02 | -0.19 | -0.06 |
| EPS in Rs | -2.28 | 2.06 | 0.77 | 0.25 | 0 | 0.77 | 0.28 | 0.65 | 0.92 | -0.06 | -0.59 | -0.18 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.3 | 0.94 | 24.52 | 57.06 | 69.61 | 59.35 | 77.5 | 57.23 | 52.21 | 36.01 |
| Expenses | 0.29 | 1.14 | 24.29 | 56.27 | 68.5 | 59.31 | 76.32 | 56.32 | 50.96 | 35.72 |
| Operating Profit | 0.01 | -0.2 | 0.23 | 0.79 | 1.11 | 0.04 | 1.18 | 0.91 | 1.25 | 0.29 |
| OPM % | 3.33 | -21.28 | 0.94 | 1.38 | 1.59 | 0.07 | 1.52 | 1.59 | 2.39 | 0.81 |
| Other Income | 0.08 | 0.06 | 0.38 | -0.29 | -0.31 | 0.86 | 0.74 | 0.59 | 0.18 | 0.14 |
| Interest | 0 | 0.04 | 0.47 | 0.35 | 0.72 | 0.82 | 0.72 | 0.57 | 0.7 | 0.32 |
| Depreciation | 0 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.04 |
| Profit before tax | 0.09 | -0.21 | 0.1 | 0.11 | 0.05 | 0.05 | 1.17 | 0.89 | 0.68 | 0.07 |
| Tax % | 66.67 | 4.76 | 70 | 109.09 | 900 | 280 | -11.11 | 35.96 | 14.71 | — |
| Net Profit | 0.03 | -0.22 | 0.03 | -0.01 | -0.41 | -0.1 | 1.29 | 0.58 | 0.57 | 0.03 |
| EPS in Rs | 0.09 | -0.68 | 0.09 | -0.03 | -1.26 | -0.31 | 3.98 | 1.79 | 1.76 | 0.09 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
| Reserves | -0.15 | -0.37 | -0.63 | -0.43 | -1.92 | -2.48 | -0.91 | 0.51 | 0.44 | 0.49 |
| Borrowings | 1.49 | 2.04 | 11.42 | 3.07 | 0.33 | 0.32 | 11.28 | 8.62 | 1.98 | 1.84 |
| Other Liabilities | 0.12 | 0.72 | 12.18 | 17.3 | 11.65 | 25.48 | 9.75 | 23.31 | 9.12 | 0.84 |
| Total Liabilities | 4.71 | 5.64 | 26.22 | 23.19 | 13.31 | 26.57 | 23.37 | 35.69 | 14.79 | 6.42 |
| Fixed Assets | 0 | 0.26 | 0.22 | 0.19 | 0.16 | 0.12 | 0.09 | 0.19 | 0.15 | 0.12 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2.54 | 2.78 | 1.71 | 2.88 | 1.84 | 0.88 | 1.38 | 2.05 | 1.37 | 1.76 |
| Other Assets | 2.17 | 2.6 | 24.29 | 20.12 | 11.31 | 25.57 | 21.9 | 33.45 | 13.27 | 4.54 |
| Total Assets | 4.71 | 5.64 | 26.22 | 23.19 | 13.31 | 26.57 | 23.37 | 35.69 | 14.79 | 6.42 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.01 | -0.06 | -0.02 | -10.17 | 11.42 | 0 | -1.08 | -0.22 | 1.16 | -0.36 |
| Cash from Investing Activity | -0.57 | -2.46 | -0.47 | -0.06 | -0.99 | 0 | 1.18 | 0.3 | -0.64 | 0.84 |
| Cash from Financing Activity | 0.59 | 3.92 | 0.55 | 9.73 | -8.62 | 0 | -0.35 | -0.37 | -0.51 | -0.34 |
| Net Cash Flow | 0.01 | 1.39 | 0.06 | -0.49 | 1.82 | 0 | -0.25 | -0.29 | 0.02 | 0.15 |
| Free Cash Flow | -0.58 | -0.06 | -0.3 | -10.17 | 11.42 | 0 | -1.08 | -0.22 | 1.01 | -0.36 |
| CFO/OP | -33 | 0 | -25 | -4417 | 1482 | 0 | -2300 | 1 | 127 | -29 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 803 | 219 | 217.45 | 287.74 | 38.06 | 12.37 | 126.57 | 79.26 | 178.13 | 60.61 |
| Inventory Days | — | — | 0 | 19.74 | 19.58 | 19.81 | 0 | 0 | 0 | 0 |
| Days Payable | — | — | — | 182.8 | 108.14 | 60.87 | — | — | — | — |
| Cash Conversion Cycle | 803 | 219 | 217.45 | 124.68 | -50.5 | -28.68 | 126.57 | 79.26 | 178.13 | 60.61 |
| Working Capital Days | 438 | 85.17 | -62.13 | -20.1 | -31.92 | -24.59 | -25.89 | -14.13 | -22.13 | -11.67 |
| ROCE % | 8.7 | 0.38 | -4.42 | 6.01 | 17.06 | 43.97 | 95.27 | 25.56 | 11.08 | 15.73 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.75% |
| Public | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.24% |
| No. of Shareholders | 519 | 519 | 519 | 519 | 519 | 519 | 519 | 516 |

### Quarterly

| Category | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.61% | 74.75% |
| Public | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.39% | 25.24% |
| No. of Shareholders | 519 | 519 | 519 | 519 | 519 | 519 | 519 | 519 | 519 | 519 | 519 | 516 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 2 / 11 / 6

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 74.58 | Sell |
| EMA (10) | 73.94 | Sell |
| SMA (20) | 77.03 | Sell |
| EMA (20) | 77.53 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.62 | Neutral |
| MACD (12,26,9) | -5.67 | Buy |
| Stochastic (14,3,3) | 22.35 | Neutral |
| ADX (14) | 45.44 | Buy |
| Williams %R (14) | -62.29 | Neutral |
| ATR (14) | 3.97 | High Volatility |
| ROC (12) | -8.99 | Sell |
| Stoch RSI (14) | 98.39 | Sell |
| UO (7,14,28) | 41.76 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport//71047539600.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport//65662539600.pdf) |
| 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport//5396000319.pdf) |
| 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport//5396000318.pdf) |
| 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport//5396000317.pdf) |
| 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport//5396000316.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-07-17 | Credit rating update — Brickwork Ratings |
| 2024-08-02 | Credit rating update — Infomerics |
| 2024-05-21 | Credit rating update — Brickwork Ratings |
| 2023-09-28 | Credit rating update — Infomerics |
| 2023-06-27 | Credit rating update — Infomerics |
| 2023-02-23 | Credit rating update — Brickwork Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:10.344Z.